Oct 23, 2024
Technicost and Thirdstream are today announcing a collaboration to provide credit unions with a fully integrated deposit account onboarding and loan origination solution. This partnership addresses the stated needs of shared financial institution customers, where today Thirdstream provides deposit account opening and Technicost delivers loan origination capabilities. The approach will answer the growing demand from credit unions for a streamlined, member-first experience.
By combining Thirdstream’s deposit account onboarding platform with Technicost’s loan origination system, financial institutions can enhance operations and improve member services. The integrated solution simplifies the onboarding process, eliminating paperwork and manual data entry while offering secure identity verification and compliance tools to mitigate fraud risks. This digital-first approach helps members open accounts quickly and easily through a seamless, online interface.
Technicost’s loan origination system (TechLOS) complements the onboarding process by accelerating loan application, adjudication, and underwriting. With automated decision engines and access to external credit bureaus, financial institutions will benefit from faster loan approvals and improved risk management.
The unified approach ensures seamless integration between the platforms, streamlining vendor management and reducing operational complexity. This approach helps financial institutions focus on delivering exceptional member experiences while optimizing efficiency across both deposit account opening and loans origination.
The collaboration between Thirdstream and Technicost sets a new standard for financial institutions seeking scalable, integrated solutions that meet the evolving needs of their customers.
